The world’s leading processor of animal protein, the Brazilian group exported US$ 389 million to the two regions in the first quarter, i.e. 16% of its total foreign sales.
According to the National Treasury secretary, Arno Agustin, the government should issue Brazilian foreign debt securities denominated in Brazilian currency on the international market this year.
The director of Raheb Group, Shahram Raheb, visited the supermarket association fair, Apas, and proposed a partnership for production of the drink.
Companies due to attend Food Arabia, in Jeddah, toward the end of the month, have good business expectations. They attended a preparatory meeting at the Arab Brazilian Chamber.
Despite the political crisis, Brazil still finds space to expand sales to the Arab world. The theme was the subject of an interview on Tuesday (10), at the Arab Brazilian Chamber, in São Paulo.
The company revenues totalled US$ 15.6 billion in the April 1st 2010 to March 31st 2011 fiscal year. Net profit was US$ 1.6 billion, a record figure for the organisation.
Brazilian grain production this year should total 158.7 million tonnes, a 6% increase over last year, according to the Brazilian Institute of Geography and Statistics.
Foreign Minister Antonio Patriota visited Egypt and asked for support to the Brazilian candidate for the UN agency for hunger alleviation. He also discussed the political situation in the Arab world.
Cancellation of the import tax, scheduled to end in May, has been extended to June 30th. The textile sector continues suffering with crop problems.
A survey conducted by the HSBC bank shows that the Middle East and North Africa are the most confident regions regarding the development of international trade in the coming six months.
The Arab country should adopt an economic model more open to foreign countries and diversification of international partners, according to the Tunisian minister of Finance, Jalloul Ayed.
The Brazilian trade balance posted a surplus of US$ 969 million in the first week of May, according to the Ministry of Development.
On Thursday, the Arab Brazilian Chamber should promote a seminar for businessmen on the current economic scenery in the region, which is facing political and social transformations.
The agribusiness fair held last week in Ribeirão Preto was visited by 870 foreigners, mostly from Venezuela, Argentina and the United States.
